Mitie Group (LON:MTO) Reaches New 1-Year High at $110.00

Shares of Mitie Group plc (LON:MTOGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 110 ($1.40) and last traded at GBX 105.20 ($1.34), with a volume of 7083 shares changing hands. The stock had previously closed at GBX 105.20 ($1.34).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 125 ($1.59) target price on shares of Mitie Group in a research note on Monday, November 6th.

Get Our Latest Stock Report on Mitie Group

Mitie Group Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 69.61. The firm has a 50-day simple moving average of GBX 101.74 and a 200 day simple moving average of GBX 100.68. The company has a market cap of £1.42 billion, a price-to-earnings ratio of 1,502.86, a price-to-earnings-growth ratio of 10.10 and a beta of 1.33.

Insider Buying and Selling at Mitie Group

In other news, insider Mary Reilly acquired 2,098 shares of Mitie Group stock in a transaction that occurred on Tuesday, January 2nd. The stock was purchased at an average cost of GBX 100 ($1.27) per share, with a total value of £2,098 ($2,662.77). In other Mitie Group news, insider Mary Reilly purchased 2,098 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was bought at an average cost of GBX 100 ($1.27) per share, for a total transaction of £2,098 ($2,662.77). Also, insider Phillip Bentley bought 117,994 shares of Mitie Group stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of GBX 105 ($1.33) per share, for a total transaction of £123,893.70 ($157,245.46). In the last 90 days, insiders have acquired 120,392 shares of company stock valued at $12,615,670. 9.98% of the stock is owned by corporate insiders.

About Mitie Group

(Get Free Report)

Mitie Group plc, together with its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. The company operates in eight segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities, Care & Custody, Landscapes, Waste, and Spain.

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